VANCOUVER, British Columbia and AUSTIN, Texas, April 15, 2025 (GLOBE NEWSWIRE) — Inspire Semiconductor Holdings Inc., a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads is pleased to announce that it has promoted its interim Chief Financial Officer, Jack Cartwright, to the permanent Chief Financial Officer role with the Company.
Ron Van Dell, InspireSemi CEO, commented, “Jack has been working with the InspireSemi team since June 2024 and has shown tremendous dedication and skill while acting as interim CFO. We are delighted to now make the position with the Company permanent and look forward to Jack leading the finance side of the business at this critical juncture for the Company, as we seek to commercialize our product.”
Jack Cartwright is a successful financial and operational leader with over 20 years of corporate finance experience ranging from high growth early-stage tech firms to highly technical complex global businesses. Jack’s depth of experience includes SaaS, B2C marketplaces, AdTech, telecommunications, carbon and clean energy, and logistics.
Based in Austin, Texas, Jack was previously CFO at two other technology firms and has held a variety of leadership positions in finance, including leading several M&A transactions on both the sell side and buy side, and also several fundraising efforts with large, institutional investors.
Jack has also led many post-closing integration projects involving advanced reporting optimization, including the financial integration of two public software companies and the acquisition and concurrent integration of 4 Fintech companies with audit and IPO filings.
Jack holds an MBA (The University of Texas at Austin) with a concentration in finance, accounting & strategy, and a Master of Science degree in Accounting (University of Miami) and was formerly an officer in the United States Army.
The Company also announces its board of directors approved the grant of stock options dated April 15, 2025 (the “Options“) to an officer to acquire a total of 1,000,000 subordinate voting shares in the capital of the Company at an exercise price of $0.16.
All of the Options are exercisable for a ten-year term expiring April 15, 2035, and were granted pursuant to the Company’s omnibus equity incentive plan (the “Plan“). All of the Options are subject to the terms of the Plan and applicable option agreements.
166,667 stock options will vest immediately. A further 83,333 will vest on August 1, 2025, and the remainder will vest in equal monthly amounts over 3 years from August 1, 2025.
About InspireSemi
InspireSemi provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads. The Thunderbird I ‘supercomputer-cluster-on-a-
For more information visit https://inspiresemi.com
